Word: morgenthau
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Dates: during 1930-1939
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...Washington soon guessed that harpooning Old Deal millionaires while gently netting or releasing New Deal millionaires, was going to call for nice piscatorial skill. Before sailing time on Wednesday the fishermen very properly refused to name their quarry. They left that to their guide and first witness, Secretary Morgenthau. But Senator Harrison announced politely: "I am sure that the committee will want full publicity...
...downtown Manhattan, the cool, deep haunt of many a millionaire, a surprising disturbance took place even before Mr. Morgenthau went into action. Cards printed in haste but with greatest dignity suddenly announced the disruption of the venerable law firm of Hughes, Schurman & Dwight. This is the firm from which the Chief Justice of the U. S. resigned to mount the high bench in 1930. The present senior partner, Charles Evans Hughes Jr., announced the formation of Hughes, Richards, Hubbard & Ewing. His former partner, the business & tax expert of the old firm, announced under the name of Dwight, Harris, Koegel & Caskey...
Manhattan and Washington quickly guessed what had happened. Lawyer Dwight's name was, rightly or wrongly, down on Secretary Morgenthau's list as a practitioner of income tax devices such as the White House was now condemning. However remotely, Partner Hughes's father's name might now be linked with that of a specimen in the Congressional fishbowl. Instant dissolution of this link was the only thing possible for Mr. Hughes...
...Apparently this does not work. Mr. Morgenthau reported that "five prominent Americans" who escaped $550,000 in taxes in four years, have now offered to pay up in full with interest...
...dumping the gold. The fact that a U. S. bank was selling gold in London at a time when the metal could be shipped at a profit to New York seemed to indicate that the bank must have been tipped off on a coming cut. Secretary of the Treasury Morgenthau did not help matters by denying that a cut was "imminent." The Secretary had used the word "imminent" before in similar denials, and London fastened on it to the exclusion of the rest of the statement...